“Iran is one of the major importers of Korean products. And in the eventuality that the policy of sanctioning Iranian oil is implemented, then that nation will suffer.”-Rostam Qasemi, Iranian Oil Minister

On 02 July 2012, I posted how Korea South (a U.S. ally/puppet) was getting around oil sanctions against Iran, by using Iranian tanker ships.

On 03 July 2012, Iranian media revealed the reason Korea South went against its master’s (United States) wishes: Iran has more purchasing power than the United States!

On 26 June 2012, Korea South announced they would stop oil shipments from Iran.  Iranian diplomats quickly threatened the embargo of all products made in Korea South.  Officials in the southern half of Korea did the math and decided it was not economically sound to go along with the puppet master’s (U.S.) oil embargo against Iran.

Just how much does Korea South rely on Iran for trade?

In 2007 Korea South signed a trade agreement with Iran.  According to the Korea International Trade Association, exports to Iran have increased 32%, while imports of Iranian goods increased 63.7% (the way the data was presented wasn’t clear, the percentages could be 32% for imports and 63.7% for exports)!

“Korea’s shipments to Iran amounted to $6 billion [USD] last year.”-Korea Times

The Korean Times reported that the threat by Iran, to embargo all southern Korean products, would slam 2,900 companies!

There are at least two petroleum companies from southern Korea working in Iran, and they have backing from U.S. investors!  In fact U.S. companies are involved with at least $1.4 billion USD worth of North American investments into Iran!

Here’s the bottom line; Iran is a big spender, and they pay in cash or trade!  The United States is broke, and they pay with credit, or steal it from you with bogus War on Terror tactics.  Who’s gonna get the World’s business in the long run?